Sitharaman should use NSSO data on household consumption of various goods and services, make public the GST paid by the top, middle, and poorest income groups.
World Bank has revised India’s GDP projection for current fiscal to 7% from previous estimate of 6.6%. Pick-up in agriculture & govt spending should lift growth in the coming quarters.
India's growth post-1970 outpaced both low and middle-income countries, as well as the world economy. Yet, it has not been a “shining” record, because of poor socio-economic metrics and rising inequality.
In the April-June quarter, elections, govt spending slowdown & heatwave are expected to have contributed to slower growth. Going forward, rural demand may see a pick-up.
The target signals the government's intention to remain fiscally prudent despite expectations it may ramp up spending on welfare programs following a weaker than anticipated election victory for Modi.
A growth loop is unlikely to sustain if the overall environment is not ready for success. Growth creates value and it leans heavily on effective governance to move to a bigger loop.
The outcome of the general elections has taken a surprising turn, differing from both exit poll predictions and market expectations. However, the agenda for...
In actual terms, fiscal deficit was at Rs 16.53 lakh crore. According to data released by Comptroller General of India, govt managed to meet the revenue collection target.
In a country where unemployment is at a historic high, the national anxiety isn’t about jobs — it’s about reach. Aspirations have shifted from employment to engagement, from careers to content.
Why blame only BJP?
Even reputed journalists like Shekhar Gupta are responsible for India’s addiction to Pakistan. Every second CTC episode is on Pakistan related topics. And he proudly proclaims “Pakistan is our internal affair.”
Very unfortunately, this absolutely unhealthy obsession with Pakistan, which many of our esteemed journalists have, has percolated down to the younger generation.
This will surely hurt us in the long run.
Inflation has fallen below 4% for the last two months. A good monsoon will help with food prices. Even so, while deciding on rate cuts, the RBI should also consider the interests of saving households. A major portion of bank FDs are held by senior citizens, in a country where there is no concept of Social Security.
The Indus Waters Treaty has now become a matter of dispute. It had required patient handholding by the World Bank over nine years to bring it to fruition. There is no official trade. No High Commissioners. Missions functioning at reduced strength. The UNGA session will see cross talk between the two delegations. The 2021 ceasefire along the LoC is coming under strain. Two nuclear armed neighbours not talking to each other cannot be regarded as normal diplomatic practice. Even as India advises nations involved in conflict that this is not the era of war, lasting solutions cannot be found on the battlefield.
Why blame only BJP?
Even reputed journalists like Shekhar Gupta are responsible for India’s addiction to Pakistan. Every second CTC episode is on Pakistan related topics. And he proudly proclaims “Pakistan is our internal affair.”
Very unfortunately, this absolutely unhealthy obsession with Pakistan, which many of our esteemed journalists have, has percolated down to the younger generation.
This will surely hurt us in the long run.
Inflation has fallen below 4% for the last two months. A good monsoon will help with food prices. Even so, while deciding on rate cuts, the RBI should also consider the interests of saving households. A major portion of bank FDs are held by senior citizens, in a country where there is no concept of Social Security.
The Indus Waters Treaty has now become a matter of dispute. It had required patient handholding by the World Bank over nine years to bring it to fruition. There is no official trade. No High Commissioners. Missions functioning at reduced strength. The UNGA session will see cross talk between the two delegations. The 2021 ceasefire along the LoC is coming under strain. Two nuclear armed neighbours not talking to each other cannot be regarded as normal diplomatic practice. Even as India advises nations involved in conflict that this is not the era of war, lasting solutions cannot be found on the battlefield.